Good News on US Energy Availability

Penley on Education and Energy

The US Energy Information Administration recently published its monthly report with good news about the increasing supply of domestic petroleum.  For the third consecutive year, total field production of petroleum rose.  From 7.5 million barrels per day in 2010, it has risen to 8.5 million in 2012, nearly a 12 percent increase.  Net imports of petroleum have fallen by 29 percent in the same period.

The downward slide in domestic energy production that began over fifteen years ago has finally turned around, and the US is more energy secure today because of it.  As this blog has detailed in the past, the US is headed toward a far more secure energy future.  Some might have thought that greater security was due entirely to the increase in the availability of natural gas from hydraulic fracturing, or “fracking.”  But in fact, domestic petroleum production has increased as well.  The US is…

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